CAPITALSTARS
TOP CORPORATE NEWS
Tata Motors expects to earn
Rs600 crore in JNNURM phase II
Tata Motors
expects to do a business of Rs600 crore in JNNURM phase II. The company has orders
for 5,000 buses and has already supplied 2,500 out of the same. Positive for
the company.
L&T gets shareholders'
nod for raising Rs9,600 crore
L&T gets
shareholders' nod for raising about Rs9,600 crore through issuance of various
securities, including equity shares and convertible bonds. We believe a large
part of the funds would be utilized for working capital requirement considering
large order book in hand.
BPCL to spend Rs1 lakh crore
in next 5 years
In the upstream
segment, it will invest up to Rs20,000-25,000 crore. The refining segment will
see investments of Rs35,000-40,000 crore to reach a refining capacity of 1 million
barrels per day in the next four to five years. The balance will go in
investments in marketing and city gas distribution. It also have plans to go
abroad and not just for marketing lubricants, particularly neighboring
countries like Nepal, Bangladesh and some African nations.
Raymond buys Robot Systems
for Rs28 cr
Raymond
announced that its wholly owned subsidiary, Silver Spark Apparel has completed
the acquisition of Robot Systems (wholly owned subsidiary of Gokaldas Exports)
on September 10, 2015.
As per the share
purchase agreement(s), the total consideration for the above acquisition is
Rs28 crore.
RComm-Sistema deal may cost
$600 million extra
Reliance
Communications- Sistema deal may cost $600 million extra, potential road block
for merger.The spectrum trading rules could put a spanner in the ongoing,
exclusive merger talks between Reliance Communications (RCom) and Russia's
Sistema JSFC as the deal cost may swell by an extra $600 million (roughly
Rs3,980 crore).
Raymond buys Robot Systems
for Rs28 cr
Raymond
announced that its wholly owned subsidiary, Silver Spark Apparel has completed
the acquisition of Robot Systems (wholly owned subsidiary of Gokaldas Exports)
on September 10, 2015.
As per the share
purchase agreement(s), the total consideration for the above acquisition is
Rs28 crore.
Maruti Suzuki launches
limited version of WagonR
Maruti
Suzuki has launched a limited edition version ‘ WagonR Advance’ hatchback. The
new version has been launched for the festive season and would be available
only for three months.
The new WagorR
Advance has been priced at Rs4.3 lakh (ex-showroom Delhi) for the petrol
variant and Rs4.84 lakh for the CNG variant. The Advance will have features
like double-din stereo, dual tone dashboard, premium seats and power windows.
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CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.
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